Naphthalene Derivatives Market Current Scenario and Future Growth Analysis by 2027


 Market Overview

Synthesis ofnaphthalenederivativesrequire naphthalene compound as a basic precursor. Naphthalene is one of the most important members of the class of organic compounds, wherein two or more benzene rings are fused together at ortho-position. Naphthalene derivatives are synthesized in two stages, namely, ring closure by cyclization reaction, followed by aromatization process. However, various other modifications can be carried out to synthesize different types of naphthalene derivatives. 1, 6-dihydroxynaphthalene, 1-methylnaphthalene, 1-naphthol and 2-naphthol are some of the examples of naphthalene derivatives commercially available in the market. These derivatives are available in powder and liquid form, of which, the powder form finds prominent use. 

CMI forecasts the global naphthalene derivatives market to grow at a healthy growth rate over the forecast period (2016-2024), owing to factors such as ever rising demand for naphthalene derivatives such as naphthalene formaldehyde in the construction industry across the world.

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Market Dynamics

Rising construction industry and textile industry along with increasing application of naphthalene derivatives in production facilities across various industries such as chemicals, pharmaceuticals, paints and coatings, and others are major driving factors for growth of the global naphthalene derivatives industry. Rising living standards supported by high discretionary income translates to spending on fabrics and textiles wherein, it is used in material dyeing and bleaching, which in turn catalyzes the growth of naphthalene market. Apart from textile and construction industries, a significant rise in demand from the agrochemical industry also contributes to the increasing demand for global naphthalene market.

Naphthalene Derivatives Market Taxonomy

By Form

On the basis of form, the global market is classified into:

  • Liquid

    Powder

By Type

Based on type, the global market is segmented as:

  • Alkyl Naphthalene Sulfonate Salts

    • Sodium Polynaphthalene

      Calcium Polynaphthalene

  • Naphthalene Sulfonic Acid

    Naphthalene-Formaldehyde Condensates (SNF)

    Naphthols

    • 1-Naphthol

      2-Naphthol

  • Others (Amino Naphthalene, etc.)

Some of the companies operating in the global naphthalene derivatives market include BASF SE, RÜTGERS Group, Huntsman International LLC, Evonik Industries AG, Koppers Inc., Arkema Group, Kao Corporation, Giovanni Bozzetto Spa, Cromogenia-Units S.A., and Clariant etc.

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